Iran Claims Kuwait Airbase Attack, Strikes Pair Of Tankers In Hormuz, Despite No New US Operations Overnight

Consumer Credit Smashes Estimates As Credit Card Debt Hits New All-Time High The relevering of the US consumer continues: one month after the June consumer credit number came higher than estimates (and followed the unexpected May contreaction in US credit), in July consumer credit came in even higher than expected, with the Fed reporting in its latest G.19 report that in July, US consumer credit rose by a whopping $18.1BN - more than the $14.6 billion in June - and far above the $11.7 billion estimate.  The rebound was driven by...

EU Is Launching A Mission To Board Russian Shadow Fleet Tankers In The Indian Ocean The European Union has authorized its naval mission in the Indian Ocean (apparently there is one) to stop and board Russian shadow fleet tankers suspected of operating under false flags, the bloc announced on Wednesday. The Spanish Navy frigate Santa María F81, deployed as part of the European Union Naval Force Operation ATALANTA, seen off the coast of Mogadishu, Somalia, on April 24, 2025. EU member states have authorized Operation Atalanta, the union’s counter-piracy naval mission off...